* Earnings before interest, tax, depreciation and amortisation adjusted for exceptional items and share based payments

Operational Highlights (including post-period developments)

DiaSpect Tm has received FDA 510k CLIA clearance

OEM contract with McKesson-Surgical Inc. with exclusive rights for distribution of DiaSpect Tm in all US markets except blood banks, driving further US sales growth following expected November 2018 product launch, with substantial revenue and EBITDA contribution expected from this contract in 2019 and onwards

Spin out of sTNFR technology through RenalytixAI proceeding, with intention to distribute EKF’s residual interest to its shareholders by way of a dividend in specie, conditional inter alia on shareholder approval at a general meeting to be convened in due course

“During the first half of 2018, the Group made significant headway in delivering the strategy mentioned at the time of the 2017 results. Despite currency headwinds and reduced revenues following the completion of the Saudi tender, the Group achieved earnings in H1 which were marginally ahead of management expectations. H2 has started well with organic revenue and EBITDA improving on the same period year-on-year.

“At the same time we undertook a number of actions to support the future performance of the business: delaying the launch of DiaSpect Tm in the US which allowed us to complete a significant distribution agreement with McKesson; substantial investment in enlarging our Elkhart facility ahead of revenue ramp-up from our Oragenics, Inc agreement; the development of Lactate Scout 4.0 for launch in H1 2019 for clinical care and obstetrics; signing a distribution agreement for Asahi Kasei Pharma’s Glycated Albumin products; and investment in seeking FDA approval for the launch of Quo-Test next year. We believe that these actions, alongside new contracts recently signed and a strong order book, will lead to further progress over the final months of the current year and beyond.”

EKF Diagnostics

EKF Diagnostics Holdings plc is a manufacturer and distrbutor of IVD products. It has three core divisions: Point of Care including hemoglobin and HbA1c analyzers; Central Laboratory including the manufacture of enzymes and clinical chemistry; and Molecular Diagnostics which incorporates a unique DNA enrichment technology, PointMan, and a portfolio of molecular testing services.